Jetpack Workflow

MAY 19, 2023

In your client folders, make sure you have dedicated sub-folders where you track the following items so you can easily update the general ledger as you go: Chart of accounts Journal entries Trial balance Bank Statements and Reconciliations Each client folder should also have a dedicated section for bank statements.

Bookkeeping

Jetpack Workflow

FEBRUARY 16, 2023

Download our free manual template and customize it to meet your needs. After clicking the link, select “File” at the top left-hand corner of the page, select “Download,” and choose your preferred document format. This section also describes the components of the company’s income tax (e.g.,

General Ledger

Remote Quality Bookkeeping

JUNE 11, 2024

RM : Yes – completing the company’s tax returns for 2011, since I hadn’t documented our financials as consistently and thoroughly as necessary. It took more pain, suffering and money than I expected to finalize our taxes, and it made me realize there has to be a more efficient method.

Cloud Bookkeeping

Jetpack Workflow

AUGUST 24, 2023

Once you’ve downloaded your free templates, you can customize them with the specific client tasks you handle and never worry about missing a due date. Reconcile Cash and Receipts At the end of each day, reconcile all cash payments and payment receipts received in the general ledger to get a good idea of each client’s cash balance.

Reconciling

Nanonets

MAY 7, 2023

This is important for tax purposes and financial reporting. To begin, check that the interest charges associated with credit cards are also recorded in the general ledger. Next, most people find it easiest to match the total amounts of payments and other credits on the statement to those in the general ledger.

Bank Reconciliation

Jetpack Workflow

MARCH 30, 2023

What Your Accounts Payable Template Should Include The accounts payable ledger is an aging report that allows you to track the payments and due dates for all your supplier’s invoices. It also tells you the total outstanding amounts your company owes to its vendors at any moment. month Essentials: $27.50/month month Plus: $42.50/month

Accounts Payable

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.

General Ledger

Nanonets

OCTOBER 18, 2024

5 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5 5 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5 Without AI-driven tools, these platforms can't automatically apply the correct general ledger codes or detect discrepancies in invoice data. 

AP

IMA's Count Me

SEPTEMBER 13, 2020

So like uniformity, consistency, you know, does, does the check or purchase order or invoice agree from the date, the payee or the vendor, the amount and the expense or whatever account code do all those match with what's going through the general ledger. We're also detail oriented folks, and I think that's a key element.

General Ledger

Jetpack Workflow

MARCH 23, 2023

While the year-end closing process is familiar to most due to tax reporting, it’s not the only necessary period-end process a business should have. The month-end closing process is just as essential, especially if you want to avoid the headache and overwhelm of last-minute error corrections spanning months during tax seasons.

Reconciling

Nanonets

APRIL 18, 2024

In the subsequent tabs, you can add additional billing addresses and tax details. Multiple Delivery Options:  You can save and download them as PDFs or directly email invoices to customers. Manually done, bill needs additional information about line items, amount, taxes etc. Coding invoices.  You Approval routing.  Electronic

Invoicing

Nanonets

OCTOBER 18, 2024

5 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5 5 Tipalti Midmarket + Enterprise Global payments automation with tax compliance 4.5/5 Without AI-driven tools, these platforms can't automatically apply the correct general ledger codes or detect discrepancies in invoice data. 

AP

IMA's Count Me

AUGUST 26, 2019

Kirstie's Resources : Tax Transformation Guide - [link] Digital Transformation Survey - [link] Insight First Innovation - [link] FULL EPISODE TRANSCRIPT Adam : (00:05) Hello and welcome back to another episode of Count Me In, IMA’s podcast about all things affecting the accounting and finance world. And especially in the tax world.

Accounting

Future Firm

SEPTEMBER 1, 2023

If you want to include mileage as a tax deduction, you have to painfully track your business trips. The problem is that you may have 100’s and 1000’s of orders then residing on these platforms with sales information (customer name, address, dollar amount, etc), the taxes charged, and the corresponding platform fees.

Accounting Software

Cloud Accounting Podcast

JUNE 23, 2020

The normal public schools, whatever you wanna call them, they're gonna face terrible budget cuts, potentially, because now, all these local governments don't have money because tax revenues are down. Now, the IRS employees may be going back to the office, but tax court is not. David Leary: [00:12:44] Yeah.

QuickBooks

Cloud Accounting Podcast

JULY 20, 2020

The real talk here is we are one day post-Tax Day. Blake Oliver: [00:03:40] Yay! David Leary: [00:03:40] Congratulations, everybody. You can actually go download it; if you're listening, go to the SBA website, and search for Paycheck Protection Program loan data. That should be interesting. You'll have to let me know.

Accounting

Xero

MAY 16, 2023

These requirements involve changes to details in the Employment and Taxes tabs. In Xero Payroll, all active and terminated employees (who will be included in the STP finalisation for the financial year) will need an employment type, income type and tax scale defined in their records. That’s it – you’re all organised!

XERO